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Elon Musk Briefly Loses Title as World’s Richest Person to LVMH's Arnault  

Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, US, May 2, 2022. (Reuters)
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, US, May 2, 2022. (Reuters)
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Elon Musk Briefly Loses Title as World’s Richest Person to LVMH's Arnault  

Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, US, May 2, 2022. (Reuters)
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, US, May 2, 2022. (Reuters)

Twitter owner and Tesla boss Elon Musk briefly lost his title as the world's richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. 

Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family briefly took the title as the world's richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes. 

Musk, who has held the top spot on the Forbes list since September 2021, has a net worth of $185.7 billion. Musk took over the title from Amazon.com founder Jeff Bezos. 

Tesla shares, which have lost more than 47% in value since Musk made his offer to buy Twitter earlier this year, were down 2.7%. 

Musk's net worth dropped below $200 billion earlier on Nov. 8 as investors dumped Tesla's shares on worries the top executive and largest shareholder of the world's most valuable electric-vehicle maker is more preoccupied with Twitter. 

Tesla has lost nearly half its market value and Musk's net worth has dropped by about $70 billion since he bid for Twitter in April. Musk closed the deal for Twitter in October with $13 billion in loans and a $33.5 billion equity commitment. 

Besides Tesla, Musk also heads rocket company SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers. 

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Varieties

China Says its Astronauts Complete Record-breaking Spacewalk

File Photo: Astronaut Liu Yang waves as she is out of a return capsule of the Shenzhou-14 spacecraft, following a six-month mission on China's space station, at the Dongfeng landing site in Inner Mongolia Autonomous Region, China December 4, 2022. China Daily via REUTERS
File Photo: Astronaut Liu Yang waves as she is out of a return capsule of the Shenzhou-14 spacecraft, following a six-month mission on China's space station, at the Dongfeng landing site in Inner Mongolia Autonomous Region, China December 4, 2022. China Daily via REUTERS
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China Says its Astronauts Complete Record-breaking Spacewalk

File Photo: Astronaut Liu Yang waves as she is out of a return capsule of the Shenzhou-14 spacecraft, following a six-month mission on China's space station, at the Dongfeng landing site in Inner Mongolia Autonomous Region, China December 4, 2022. China Daily via REUTERS
File Photo: Astronaut Liu Yang waves as she is out of a return capsule of the Shenzhou-14 spacecraft, following a six-month mission on China's space station, at the Dongfeng landing site in Inner Mongolia Autonomous Region, China December 4, 2022. China Daily via REUTERS

Two Chinese astronauts this week completed a world-record spacewalk of more than nine hours, according to a statement from China's Manned Space Agency, marking another milestone for Beijing's rapidly expanding space program.

The spacewalk, carried out by Cai Xuzhe and Song Lingdong outside the Tiangong space station in low-Earth orbit on Tuesday, was at least four minutes longer than the last record set by NASA astronauts James Voss and Susan Helms in 2001, according to Reuters.

The two astronauts of China's Shenzhou-19 mission donned their Feitian spacesuits to carry out an array of tasks on the station's exterior, including the installation of space-debris protection devices, China's space agency said.

"They successfully completed all the planned tasks and felt very excited about it," Wu Hao, a staffer from the China Astronaut Research and Training Center, told China Central Television, a state broadcaster.

The former Soviet Union in 1965 became the first nation to carry out a spacewalk. Since then, Russia and the United States have conducted hundreds of such missions, primarily outside the International Space Station for tasks ranging from solar panel installations to materials research.

The first spacewalk by a Chinese astronaut occurred in 2008.

China's spacewalking milestone this week comes amid a flurry of other recent cosmic achievements that have boosted Beijing's competitive footing with the United States.

China landed its first rover on Mars in 2021 and earlier this year became the first country to retrieve rock samples from the moon's treacherous far side in its Chang'e-6 mission.

Beijing is targeting 2030 to land its first astronauts on the moon to become the second country after the US to put humans there. Beijing has courted roughly a dozen countries for its International Lunar Research Station program, an effort to build a moon base on the moon's south pole.

That program rivals NASA's Artemis program, which aims to return US astronauts to the moon for the first time since the final Apollo mission of 1972.